PETER CRANIS: Record-Setting July Brevard Tourist Development Tax Collection Tops $2.11 Million

By  //  September 8, 2021

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Tourist Development Tax this year inow at $14.168M

PETER CRANIS: The July Brevard county Tourist Development Tax revenue totals are in and the final number was an incredible $2.118 million – an 81 percent improvement over July 2020 and a 31 percent improvement over July 2019, making it the best July in Space Coast history.

BREVARD COUNTY, FLORIDA – The July Brevard County Tourist Development Tax revenue totals are in and the final number was an incredible $2.118 million – an 81 percent improvement over July 2020 and a 31 percent improvement over July 2019, making it the best July in Space Coast history.

Year to date, the Tourist Development Tax this year is at $14.168 million compared to $9.4 million in 2020.

“We have now exceeded the $13.9 million in 2019 and well over the $13.35 million in 2018,” said Peter Cranis, Space Coast Office of Tourism Executive Director.

“Since the recovery began starting in March, our March to July period was at $9.29 million. This is compared to $8 million in 2019 and $7.26 million in 2018, making it our best March – July in history. Hotels represented 70 percent of the total for the month and 63.5 percent year to date.”

Cranis said that looking at the tourist tax by type, vacation rentals are at 29 percent of the total for the month and 35 percent of the tourist tax year to date.

In terms of cities, Cocoa Beach and Cape Canaveral are generating 31.6 percent compared to Melbourne and the Beaches at 29.1 percent as a percentage of the total.

“I believe we will finish out the year at or above 2019 levels for August and September, so our total TDT should land between $16.4 and $16.6 million,” said Cranis.

“In 2019, we just exceeded $16 million for the year and in 2018, we were just below $15.6 so it looks like we will have our best year ever in spite of all that has been happening. Interestingly, before COVID hit, our budget was $16.5 million so we’re right back where we thought we would be for the 2019-2020 fiscal year.”

Year to date, the Tourist Development Tax this year is at $14.168 million compared to $9.4 million in 2020. “We have now exceeded the $13.9 million in 2019 and well over the $13.35 million in 2018,” said Peter Cranis, Space Coast Office of Tourism Executive Director.